Here are a few tips to help you:- Market Research: Study the local hard money lending market to understand competition, typical loan terms, and borrower expectations.- Loan Structure: Define your lending criteria clearly—interest rates, LTV ratios, fees, and terms.

. - LLC doc sets are fairly cheap and easy to create these days (with limited assistance from lawyers) and its much much better to have that cover bases on arrangements like this - it will also fit nicely with financing options - whether you take on debt from a lender in a co-equity situation like your first plan (refinance loan to LLC post rehab?)

The person giving the reference may have very limited experience or could be completely clueless about what their manager does and how they do it.

However, our buyer's list was limited—only about 200 buyers—and after several potential buyers passed, we finally secured an offer for a $5,000 assignment fee.As we approached the closing date, our buyer began dragging out negotiations, which added to our stress.

There is a software that can help determine the true value of the old roof costs that are no longer present, especially if a cost segregation study was not done previously. 

The construction cost seems cheaper than I thought.HELOC is a good option for short term funding.. and there are max limits.. may be $400K or $500K something you should consider since it exceeds your expenses.

It is only limited to the Reno Tahoe, NV market for now. 

Only pay them after they are out and keys are in your hand.In the future, study the law and figure out how to remove tenants without using the court system.

I need to continue to pursue cash flow but would very much like to be in a more remote position to spend time on the lending side because being a realtor and appraiser is limiting in a local geographic sense. 

Most people outside the profession don’t understand the time and capital it takes to make a project come to fruition.Before a single piece of equipment touches the ground, there are years of government meetings, environmental and site assessments, engineering studies, etc.Each step requires significant time, effort, and capital investment.But when done right, it creates a ton of value and transforms communities, which is why I love it.